Francis Suarez, Miami's mayor disclosed to the press, Thursday that he is ready to accommodate miners from China that are crowding to find new homes.
Suarez's invitation to Chinese miners came at a time when the Chinese government banned bitcoin mining operations in China.
As at the time of writing this news, the following information was gathered;
Maimi's mayor Francis Suarez informed the press on Thursday, that his city is ready to accommodate miners from China who are seriously in search of a city to settle and establish crypto shops.
Francis Suarez, the 43rd mayor and American attorney of Miami, in an interview on Wednesday announced that he is inviting Chinese miners to set up shops if they desire.
On that account, Suarez explained that he owns BTC and is also a fan of the cryptocurrency ecosystem. He equally said that he wants the city to become a crypto pivot for entrepreneurs and builders.
On Thursday, Suarez told CNBC, that his decision was as a result of the crackdown from Beijing authorities, and as such Chinese miners were free to seek shelter in the region. In addition, the availability of electricity through clean and cheap nuclear energy will facilitate mining activities.
Other important to from the news include;
Suarez further explained during a chat with the press that "the fact remains that the nuclear power which is inexpensive will enable miners obtain energy at a rate of 10.7 cent per kilowatt-hour (KWh)
According from asicminervalue.com, at $0.11 per KWh, a Bitmain Antiminer $19 Pro with 110 terahash per second (TH/S) can get around $18.59 per day using current BTC exchange rates, and the Microbt whatsminer M30s++ 112 TH/S gets around $18.50 per day at $0.11 per KWh.
In conclusion, this invitation came at the time when the Chinese government lifted the ban on bitcoin mining activities in China. It was also gathered that today there is a crackdown on miners instructing them to close shop by June 25, 2021.
What are your thoughts on Francis Suarez's woo on Chinese Miners?
